Bayport Short Sale Agents

Short Sale Agents in Bayport

The short sale agents in Bayport know how to put together a short sale proposal that lenders will
approve. A short sale is, in essence, a lender approved agreement to accept less on a mortgage payoff.
Listing agreements and agreements of sales are a piece of cake for the Bayport Short Sale Agents.
Short sale agents in Bayport know right people to do BPO’s or appraisals. A smart short sale seeking
seller will quickly authorize one of the the Bayport Short Sale Agents to represent them.

Our Short sale agents in Bayport know what it takes to make a short sale happen for homeowners who are facing foreclosure. A number of pieces must be put together to achieve a successfully approved short sale. Bayport Short Sale Agents can assist with preparing all the proper documents and filing everything. A list of common papers our short sale agents in Bayport can help with follows:

HUD-1 Settlement Statement

Authorization that one of the short sale agents in Bayport is authorized to act as the seller’s agent

A Hardship Letter

A listing agreement
Financial worksheets setting forth the seller’s monthly expenses

A written agreement of sale

Evidence that the buyer is financially qualified to purchase the property

Appraisals and/or BPOs (Broker’s Price Opinions)

Some documents require more creativity and craftsmanship than others. The short sale agents in
Bayport’s finest real estate group have the know-how to get the documents done the right way the first time. All the requirements of a lender are important, and warrant the attention of one of the short sale agents in Bayport. However, the Bayport Short Sale Agents know that getting the numbers right is crucial to the deal getting lender approval.

The short sale agents in Bayport know how to get the right appraisals and BPO’s done. An appraisal is done by a professional who specializes in this area. Generally, appraisers are licensed, and a big part of what makes the short sale agents in Bayport great is that they have terrific business relationships with other professionals in the real estate venue. There are a few different approaches to arriving at an appraised value for a short sale house. The short sale agents in Bayport know that an appraiser who takes in the whole picture – the condition of the house inside and out, the neighborhood, sales trends – is vital to getting a good appraisal.

A BPO, or a “Broker’s Price Opinion” is another valuation tool used in a short sale. It does differ from
an appraisal. BPO’s are done by licensed realtors. In a BPO, an agent renders an estimate of what the
property value is. Again, the short sale agents in Bayport have ties with the real estate community to
get good BPO’s done.

Contact the short sale agents in Bayport at 763-607-1415 to learn more about short sales, appraisals
and BPO’s.